A change in which of the following causes a movement along — not a shift in — the IS curve?
A) autonomous consumption
B) government purchases
C) financial frictions
D) all of the above
E) none of the above
E
You might also like to view...
_____ is the world's largest economy
a. Canada b. China c. Japan d. The United States
In 1963 the U.S. poverty standard was equal to
A. $10,000 per year. B. $1,000 per year. C. $22,000 per year. D. $3,000 per year.
Which of the following is correct?
A. There is no firm mathematical relationship between marginal utility and total utility. B. Total utility is equal to the change in marginal utility from consuming an additional unit of a product. C. If marginal utility is diminishing and is a positive amount, total utility will increase. D. If marginal utility is diminishing, total utility must also be diminishing.
Sulfur Dioxide Discharged (Tons)Firm AFirm B10$8,000$9,000910,00012,000815,00018,000720,00027,000628,00037,000Table 16.3Table 16.3 shows the production cost for two utilities at different levels of sulfur dioxide emissions. Assume that the government issued 8 marketable pollution permits to each firm. If the two firms agree to swap one permit and split the difference between the willingness to pay and willingness to accept, what is the price of a permit?
A. $4,500 B. $5,500 C. $7,250 D. $9,750